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20130714
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rates to the market without a cap to protect students. this proposal would pay down the deficit on the backs of students, trading national debt for student debt. trading national debt for student debt. it is unacceptable, the letter goes on, to use student loans as a vehicle for deficit reduction, especially when the federal government is projected to make $51 billion on student loans just this year. so that will be the vote tomorrow. and, madam president, i ask consent that this letter, along with the list of the organizations supporting the one-year extension, appear at this point in the record. the presiding officer: without objection. mr. harkin: so that's -- that's really the vote tomorrow. are we going to keep 3.4% or are we going to allow it to double? that's the essence of the vote tomorrow. now, there is a lot of different ideas floating around about what to do, how to do this, but in just about every single case, every one of those bills, if you project out over the next couple of three years, will raise interest rates higher than 6.8%. so again, that's why extending i
meltdown. and federal dollars are very scares. as we face this huge deficit together, we have to look at every option available to meet the challenges of doing more with less. i urge my colleagues to support my amendment. and i yield back. the chair: the gentleman yields back the balance of his time. for what purpose does the gentleman from new jersey rise? mr. frelinghuysen: i move to strike the last word. i rise to oppose the amendment of the the gentleman from georgia. his amendment would cut $15 million. i should say for the record, we cut $220 million from last year's number and so we have substantially reduced this account. let me just say, too, the basic science program within the department conducts research with a staggering potential for benefits for our nation. cutting the program further, which is what he seeks, threatens our long-term energy security, first american scientists and industry and blemishes our credibility as a world-wide leader in basic science programs. i oppose his amendment and urge others to do likewise. i yield back. ms. kaptur: i move to strike the las
at a time of sequestration and a time of deficits, how can we spend more on fossil fuels when we should be spending less? in addition, this bill needlessly increases the funding for weapons activities and defense programs. at a time where we're winding down our involvement in two wars that have been very costly in lives and dollars this last decade, and that's why i'm offering an amendment with representative quigley that would put the v-16 back to the agency's request level that would save taxpayer dollars and reduce the deficit. this bill actually increases funding by over $20 million for these ongoing missile programs. at an era where americans should expect the government to look at where these moneys are invested. there have been growing concern raised by the air force's own blue ribbon review panel about the effectiveness of the b-61 and that's why the price -- the price for this program has continued to rise dramatically and confidence in the missile program has dropped. in fact, some of our nato allies like germany have called for the b-61's to be removed from their boarders. ag
student loan interest rates at current levels for two years without adding a penny to the deficit. because of this obstruction, loan rates doubled on july 1, piling thousands of dollars more of debt, mor that more than 7 mn students owe. republicans are push planning to balance the budget right on the backs of struggling students. if the legislation passed by house republicans or the plan by senate republicans becomes law, student loan rates would more than double over the next few years as interest rates increased. the speaker, speaker boehner, has said that the house has acted and now the ball is in the senate's house. we talked about that yesterday, madam president. what is he talking about? they've acted and now we should act. i guess we could talk about what he this didn't do last year on the farm bill. i guess we could talk about what they didn't do last year on the post office. i guess we could talk about what they haven't done this year on the farm bill. we could talk about what they haven't done that is so devastating to small businesses around america; that is, having people who
Search Results 0 to 3 of about 4